Mitas receives Fendt ‘A’ rating for Mitas Premium deliveries
AGCO Corporation’s Fendt brand has granted Mitas an ‘A’ rating for its original equipment supply to the Fendt tractor plant in Marktoberdorf, Germany. The company has delivered Mitas Premium tyres to the factory since January 2015, the new brand serving as a substitute for the Continental agricultural tyres it previously shipped. In giving its rating, AGCO evaluated supplier quality, logistics, customer service and environmental protection – Mitas received the highest grade in all categories.
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Camso inaugurates Vietnam solid tyre plant
With its new solid tyre plant in Vietnam’s Bình Dương Province, Camso says it aims to “gain leadership position in the Asian material handling market.” The off-road tyre and track specialist completed the 23,000 square metre plant in the town of Tân Uyên within 14 months and views the site as “an ideal location” for further diversifying Camso’s manufacturing operations and improving the company’s competitiveness. The manufacturer adds that the plant is equipped with “best-in-class manufacturing technology.”
Continue ReadingContinental, Yokohama to end OE tyre joint venture
The Yokohama Rubber Co., Ltd. and Continental AG have announced that they will wind up their joint venture company, Yokohama Continental Tire Co., Ltd. (YCC), at the end of this month. The two tyre makers believe the 50/50 joint venture, which was established in Q1 2002, has served its purpose.
Continue ReadingFebruary new van market “steady” says SMMT
SMMT figures show the new van market achieved a steady performance in February, with registrations at the same level as this time last year, when the sector recorded a seven-year high. 13,891 new light commercial vehicles (LCVs) were registered in February – traditionally one of the quietest months of the year.
Continue ReadingElectric cars ‘will be cheaper than standard cars’, report says
A report from Bloomberg predicts that hybrid and electric cars will be cheaper than standard cars within six years, with sales of electric cars reaching 41m by 2040, or a third of the market.
Continue ReadingPrivate customers attracted by incentives and low interest rate, says Glass’s
Commenting on the February new car registrations, Steve Jackson, chief car editor, Glass’s, said: “February SMMT registration statistics show private customers have been incentivised back in to the market with low interest rates, deposit incentives and a selection of new models on offer.
Continue ReadingFebruary car registrations continue positive start to 2016
Figures from the Society of Motor manufacturers and Traders (SMMT) show that new car registrations continued the positive start to 2016 in February, growing 8.4 per cent compared with the same month in 2015. 83,395 new cars were registered in the month, marking the biggest February since 2004.
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Apollo Tyres enters two-wheeler tyre segment with range for India
The market for motorcycle and scooter tyres in India is massive – around 120 million two-wheeled vehicles ply the country’s roads. To supply this large and growing market – the two-wheeler segment is said to be increasing at 8.5 per cent CAGR – and in response to its requests from its partners, Apollo Tyres has introduced the company’s first-ever products for this segment. The new Acti line-up covers around 85 per cent of replacement market demand for two-wheeler tyres in India.
Continue ReadingHankook China workers protest shift changes
On 1 March 2016 around 100 Chinese Hankook tyre workers protested against the decision to move to a three-shift rather than a four-shift working pattern. However while some sources described this as strike action, Hankook representatives denied these claims and said production has not been affected.
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Starco chairman and owner Peer Ejlersgaard dies
Starco reports that company owner and chairman Peer Ejlersgaard (56) died of a heart attack at this home on Saturday 5 March. He is survived by wife Hanne Bruun Ejlersgaard and their two sons, Philip and Christian.
Continue ReadingGoodyear named Fortune’s most admired tyre maker
Goodyear Tire & Rubber has narrowly beat Michelin to be named Fortune magazine’s most admired tyre maker for 2016. The publication ranked Goodyear as its third most admired company in the motor vehicle parts category, ahead of Michelin at number five and Continental at number eight.
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April launch for Mitas Terra Force-R
The latest maxi enduro and trail bike tyre from Mitas, the Terra Force-R, will go on sale next month in one front wheel and two rear sizes. The tyre is an upgrade of the MC30 pattern and is intended for 90 per cent on-road and ten per cent off-road use. Mitas considers the Terra Force-R the “ideal choice for commuters as well as for adventurers who love longer rides with a passenger and luggage.”
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Hankook introduces Ventus Prime³
A successor to Hankook’s Ventus Prime² has been launched in readiness for the European summer. No prizes will be awarded for guessing what the new tyre is called – Hankook has chosen to carry over the successful Ventus Prime name into the range’s third generation. Tyrepress.com will cover this new flagship comfort tyre in detail following a hands-on launch event early next month, however what we can tell you now is that Hankook claims the Ventus Prime³ delivers approximately eight per cent better wet braking and three per cent greater dry braking performance over the predecessor tyre, along with nine per cent more wear resistance.
Continue ReadingNexen Tire launches purple summit marketing campaign in Manchester
Nexen Tire, a leading global tire manufacturer, announced that the company will launch ‘Purple Summit’, an integrated marketing campaign, as part of its efforts to expand global marketing activities and strengthen relationships with business partners.
Continue ReadingBrembo EBIT up 40.8 per cent to 251.3 million euros
Brake maker Brembo reports that its 2015 revenues grew 15 per cent to 2,073.2 million euros. Pre-tax profits were even stronger, with EBITDA at 359.9 million euros (+28.6 per cent) and the EBIT measurement up 40.8 per cent to 251.3 million euros. During the same period net profit grew 42.5 per cent to 184.0 million euros. Net investments totalled 154.1 million euros. And net debt amounted to 160.7 million euros.
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